Fitch Solutions has revised the rupiah’s outlook for 2020 to 14,207 per US dollar from its initial projection of Rp 13,650, given the higher risks of a local coronavirus outbreak.
The revision comes on the back of rising headwinds faced by the Indonesian economy from the novel coronavirus diseaseRead more..
Last week was an expensive one for most investors, even for billionaires.
The combined fortunes of the world’s 500 richest people fell by US$444 billion as the coronavirus continued to spread -- and spread fear -- rattling equity markets worldwide. The Dow Jones Industrial Average tumbled more than 12%,Read more..
The world economy may be heading for its worst performance since the financial crisis more than a decade ago as the spread of the coronavirus increasingly dashes hopes of a swift rebound.
Just weeks since most economists bet the China-led slump would quickly reverse once the virus was contained, many areRead more..
The rout in world stocks deepened on Monday, with investors rattled by weekend data from China that showed its fastest ever contraction in factory activity, raising fears of a global recession from the coronavirus.
Pandemic fears pushed markets off a precipice last week, wiping more than US$5 trillion fromRead more..
The Investment Coordinating Board (BKPM) expects to see a decline in Chinese investment following the novel coronavirus (COVID-19) outbreak.
BKPM head Bahlil Lahadalia said on Monday that although the agency had yet to see any decline in investment realization from China and other countries, he projected aRead more..